Tags » Banking Reform

When credit is too much of a good thing

By Edward Hadas – What does credit do after it has finished the job it was designed for?

The supply of credit ought to stop at funding productive activity. 65 more words

United States

The Glass-Steagall Act

When looking to lay blame for the 2008’s Great Recession, economists love to blame something that doesn’t exist anymore, the Glass-Steagall Act. Created in 1933 after the last major economic meltdown (AKA The Great Depression), this law was a big deal for two reasons: 183 more words

Financial Literacy

Western banking regulations costly and 'mutually destructive' – IMF report

Western governments have put in place banking regulations that could be “mutually destructive”, and undermine efforts to prevent bust banks from costing taxpayers billions of pounds, according to a report by the International Monetary Fund. 172 more words

World News

Western banking regulations costly and 'mutually destructive' – IMF report

Western governments have put in place banking regulations that could be “mutually destructive”, and undermine efforts to prevent bust banks from costing taxpayers billions of pounds, according to a report by the International Monetary Fund. 172 more words

World News

Wall Street's Thousand Points Of Interest Payments.

Posted March 25, 2014

by Jerry Alatalo

The Public Banking Institute has produced a short but very insightful film that clearly shows why cities, counties, states, and the federal government would be wise to consider establishing public banks across America. 426 more words

Earth Matters

“What then?” sang Plato’s ghost

On the front page of Saturday’s Financial Times was yet another article about excessive executive pay, citing the obscene ratios for the earnings of the highest paid to the average: 181 times more at Barclays; 120 times for the FTSE 100 in 2013 (although the ratio was only 47 fifteen years before); limited to 75 times at the John Lewis Partnership. 868 more words

Fairness

For Governors In America, Public Banks Are Absolutely Essential.

Posted March 4, 2014

by Jerry Alatalo

“Those who steal from private individuals spend their lives in stocks and chains; those who steal from the public treasure go dressed in gold and purple.” 503 more words

Earth Matters